The board of the company today approved joint venture with Bin Ablan Food Industry for manufacturing and sell its range of premium bakery products as cupcakes, pound cakes, muffins etc, the company said in a BSE filing.
The board also approved an equal joint venture with EK Sons Agro Food, manufacture of wheat and other speciality foods in India and abroad under their flagship brand Dilkush, it added.
The Kishore Biyani-led group would sell wheat products, maida, Sooji, whole wheat atta and bran etc through the JV.
Its stock closed at Rs 41.25 apiece, up 6.87 per cent on the BSE.
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